Tag Archives: Eurozone

Why the Eurozone and the Euro Are Both Doomed

Beneath the permanent whatever it takes “rescue” by the European Central Bank (ECB) lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters

Beneath the endless twists and turns of Greece’s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that has been the centerpiece of European unity since its introduction in 1999. The key imbalance is between export powerhouse … Continue reading

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When Europe Gets Greece’s Jingle Mail: Dealing with Default

The costs and consequences of Greece exiting the Eurozone may well dwarf the financial losses triggered by Greece’s default. The term Jingle mail originated in the great popping of the housing bubble 2008-2011. It refers to defaulting homeowners mailing the … Continue reading

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